October 9, 2013

NorthMarq Capital arranges $1.5 million mortgage for Wallingford View Apartments in Chester, Pennsylvania

Wallingford View Apts

Debt & Equity

Multi-Tenant

PHILADELPHIA, PA (Oct. 9, 2013) – Michael Aylmer, assistant vice president of NorthMarq’s Philadelphia regional office, arranged first mortgage refinancing of $1.5 million for Wallingford View Apartments, a 50 unit conventional market multifamily property, located at 2701 Chestnut Street, Chester, PA. Financing was based on a 5-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a Fannie Mae DUS lender.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.